Who is Jobless in the U.S.? Unemployment Rate Statistics by Gender and Ethnicity
Almost everyone has experienced unemployment at some point in their lives, particularly during the COVID-19 pandemic. It is a crisis that affects a lot of people -- not only financially but also physically and emotionally.
At present, the world population is about 7.96 billion, yet only 3.32 billion people are employed. This indicates that at least 4.64 billion people — more than half of the population — remain unemployed, which is troubling because of the economic impact on the individuals and the families they support.
Below you can find the latest unemployment statistics you should know in 2022.
Main causes of unemployment
Unemployment statistics during COVID-19
COVID-19 further widened an already significant gender differences in labor force participation rates. During the pandemic, women were more likely than men to leave their jobs to take care of their families (UN).
Before the pandemic, informal employment accounted for 60.2% of global employment. At least 2 billion people worldwide worked jobs lacking basic protection such as social protection coverage (UN). During the pandemic, these people were affected the most, with many businesses shutting down due to quarantines.